Segment Information

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment Information

10. Segment Information

				(Stated in millions)
	First Quarter 2023						First Quarter 2022
				Income						Income
	Revenue			Before Taxes			Revenue			Before Taxes
Digital & Integration	$	894		$	265		$	857		$	292
Reservoir Performance		1,503			242			1,210			160
Well Construction		3,261			672			2,398			388
Production Systems		2,207			205			1,604			114
Eliminations & other		(129	)		7			(107	)		(60	)
Pretax segment operating income					1,391						894
Corporate & other (1)					(169	)					(164	)
Interest income (2)					17						2
Interest expense (3)					(114	)					(120	)
Charges and credits (4)					36						26
	$	7,736		$	1,161		$	5,962		$	638

(1)Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items.

(2)Interest income excludes amounts that are included in the segments’ income ($- million in 2023; $12 million in 2022).

(3)Interest expense excludes amounts that are included in the segments’ income ($3 million in 2023; $3 million in 2022).

(4)See Note 2 – Charges and Credits.

Revenue by geographic area was as follows:

	(Stated in millions)
	First Quarter
	2023		2022
North America	$	1,698	$	1,282
Latin America		1,618		1,204
Europe & Africa (1)		1,974		1,404
Middle East & Asia		2,393		2,024
Other		53		48
	$	7,736	$	5,962

(1)Includes Russia and the Caspian region.

North America and International revenue disaggregated by segment was as follows:

							(Stated in millions)
	First Quarter 2023
	North
	America			International			Other			Total
Digital & Integration	$	251		$	642		$	1		$	894
Reservoir Performance		120			1,380			3			1,503
Well Construction		711			2,493			57			3,261
Production Systems		626			1,574			7			2,207
Eliminations & other		(10	)		(104	)		(15	)		(129	)
	$	1,698		$	5,985		$	53		$	7,736
	First Quarter 2022
	North
	America			International			Other			Total
Digital & Integration	$	225		$	631		$	1		$	857
Reservoir Performance		103			1,105			2			1,210
Well Construction		485			1,865			48			2,398
Production Systems		473			1,127			4			1,604
Eliminations & other		(4	)		(96	)		(7	)		(107	)
	$	1,282		$	4,632		$	48		$	5,962

Revenue in excess of billings related to contracts where revenue is recognized over time was $0.3 billion at both March 31, 2023 and December 31, 2022. Such amounts are included within Receivables less allowance for doubtful accounts in the Consolidated Balance Sheet.

Due to the nature of its business, SLB does not have significant backlog. Total backlog was $3.0 billion at March 31, 2023, of which approximately 60% is expected to be recognized as revenue over the next 12 months.

Billings and cash collections in excess of revenue was $1.2 billion at both March 31, 2023 and December 31, 2022. Such amounts are included within Accounts payable and accrued liabilities in the Consolidated Balance Sheet.